Originally Posted by
TwoDaysBehind
If they can hire all the First Officers they want, why are they paying $100/hour and bonuses, instead of picking the new hires willing to fly for $36/hour again?
Just like it didn't go from 36-100 overnight, it won't go backwards overnight. But it will eventually more reflect long-term market conditions - whatever that may be. One issue is who goes first? And if you're the only one paying crap, why go there? Because you're desperate to have a flying job - any flying job..? That's how some of the low ballers did it in the past - hire those that were less desirable to higher-paying outfits. Same song and dance as before; rinse and repeat.
Some that have only experienced the milk and honey of the last couple years may have a skewed view of the industry. Barring 67, retirements don't change, however, so I don't think things will regress horribly - maybe more of a plateau. They just won't sky rocket like recently, which was an aberration IMO.